NASDAQ stumbles as USA-China trade tremors crippled Tech stocks

The Canadian Vanguard Stock Market Report – Tuesday, October 14, 2025 Edition

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The Toronto Market

The TSX Composite advanced a muscular 502.72 points, or 1.68%, closing the session at 30,353.61. The index’s advance totally compensated for the big decline on Friday. The market was closed yesterday for the Canadian Thanksgiving holiday.

                                                                                                                                                                 

Today’s Market Statistics:  The issues that gained (Advancers) outnumbered those that declined (Decliners). There were roughly seven Advancers for every two Decliners, or a more exact ratio of 3.43-to-1.0. In real numbers, there were 1,655 Advancers to 482 Decliners while 109 stocks remained Unchanged.

Today, there were 250 new 52-Week Highs and 20 new 52-Week Lows. There were 159 new 52-Week Highs and 30 new 52-Week Lows on Friday.

The total volume of shares traded at the TSX today was 635,650,972, or 6% higher than the volume of 599,648,532 shares traded on Friday.

Market Wrap-Up Report 

The Toronto market fully recovered Friday’s losses and extended gains in today’s session. The Basic Materials sector led the rally with a strong 4.20% increase. The Financials sector also performed well, rising 1.84%, driven by strength in the Canadian Big Six banks.

Bank of Montreal (TSX:BMO) led the group with a 1.86% gain, followed by Toronto-Dominion Bank (TSX:TD) and Royal Bank of Canada (TSX:RY), up 1.58% and 1.49%, respectively.

Energy and resource stocks showed impressive momentum.

• Energy Fuels Inc. (TSX:EFR) surged 29.86%.
• Ero Copper Corp (TSX:ERO) climbed 10.60%, closing at $33.07.
• Cameco Corp (TSX:CCO) rose 7.91%, continuing its strong uptrend.

Cameco, a key player in uranium production, stands to benefit as the demand for clean, reliable, and large-scale energy grows—especially from data centers supporting AI and other power-intensive services. As infrastructure managers seek alternatives to fossil fuels, Cameco is well-positioned to be a long-term winner.

CCO stock is a compelling watchlist candidate, particularly for younger investors with a long-term horizon. Over the next five years and beyond, the buildout of massive, energy-hungry data centers could drive significant demand for non-polluting, nuclear-based electricity—making Cameco a potential beneficiary.

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The US Markets

Today was a mixed market session as NASDAQ and S&P 500 ended the session in the red. The Dow Jones Industrial Average gained 202.88 points, or 0.44%, to close the session at 46,270.46. The S&P 500 index declined a paltry -10.41 points or -0.16%, ending the session at 6,644.31. The Nasdaq Composite slumped -172.91 points or -0.76%, to close at 22,521.7. The Russell 2000 index, was up 34.08 points, or 1.38%, closing at 2495.50. The small-caps largely escaped investor’s anxiety over the US-China trade tension.

Today’s Market Statistics:  At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were roughly eight Advancers for every five Decliners, or a more exact ratio of 1.72-to-1.0. In actual numbers, there were 2,659 Advancers to 1,542 Decliners with 349 Unchanged.

Today, there were 165 new 52-Week Highs and 86 new 52-Week Lows. There were 165 new 52-Week Highs and 86 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was 5,736,772,872, or 6% higher than the total volume of 5,408,814,646 shares traded yesterday.

On the NASDAQ, the Advancers outnumbered the Decliners. There were eight Advancers for every five Decliners, or an exact ratio of 1.60-to-1.0. In actual numbers, there were 2,912 Advancers to 1,847 Decliners with 220 Unchanged. .

Today, there were 232 new 52-Week Highs and 120 new 52-Week Lows. There were 167 new 52-Week Highs and 138 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was 10,138,056,906, or 9% higher than the total volume of 9,318,845,018 shares traded yesterday.

Market Roundup Report

It was a mixed session for U.S. equities today. The Dow Jones and Russell 2000 indexes posted solid gains, while the S&P 500 had a moderately positive day. In contrast, the NASDAQ struggled, opening sharply lower and managing to climb close to the previous session’s close—only to slip back into negative territory in the final hour, as renewed U.S.-China trade tensions rattled investor sentiment.

Despite closing well off its intraday lows, the NASDAQ still ended the day in the red, marking its third consecutive negative close.

Nvidia Corp (NASDAQ: NVDA), a key driver of the AI rally, was hit hard. The stock dropped -4.41%, or -$8.31, to finish at $180.00, with over 205 million shares traded. NVDA opened deep in the red and remained under pressure throughout the session, reflecting broad weakness in the technology sector, which was the worst performer today.

Financials:  The third-quarter earnings season kicked off, with two major banks reporting results.

• JPMorgan Chase & Co. (JPM) posted a cautious earnings report, leading to a -1.93% decline (-$5.94), closing at $302.00 with 16.2 million shares traded.
• Wells Fargo (WFC) outperformed, delivering a well-received earnings report. WFC stock surged 7.14% (+$5.64) to close at $84.56, with 36 million shares changing hands.

Despite the mixed results, the Financials sector ended the session up 1.12%.

Looking Ahead  

The Materials sector is expected to remain in focus, especially as the market awaits a high-stakes meeting between former President Trump and President Xi of China later this month. Trade policy developments from that meeting could significantly impact commodity prices and related equities.

 

Oil Price:  US Oil price is down at $58.53 per barrel, as of the time (11:30 pm ET, Tuesday) of this post update.

Gold price is up 0.98% at $4,204.80 while silver price is up 1.22% at $51.25 per ounce as of the time of this post update.

Bitcoin (BTC-USD) is down -0.28% at $112,560.00, as of the time of this post update.

10 –year Treasury Yield:  The 10-year yield is at 4.015%, as of the time (11:30 pm ET, Tuesday) of this post update.

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NOTICE TO READERS 

Our readers are strongly advised to conduct their research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation. Any recommendation is not a guarantee of any particular stock’s future prices, and The Canadian Vanguard accepts no responsibility or liability for investors’ or readers’ purchases.

The Canadian Vanguard’s Stock Market Reports, https://www.thecanadianvanguard.com/category/stock-markets/ , are composed by senior Financial Industry and Information Technology professionals. We deliberately neither engage nor deploy AI tools to produce data for these reports.

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(c) This article is published by The Canadian Vanguard on October 14, 2025.